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Week Two—Husky Investment Tournament

Welcome to week two of the Husky Investment Tournament!

There are more than 300 students competing to see who can make the most money with a million dollars in only seven weeks. Teams are beginning to make trades and are gaining confidence. Have you made your first trade? Time is limited, so start now!



Investing for retirement is like running a marathon. A steady, well-diversified portfolio comprised of a large number of stocks will win out in the long run. Investing for a stock contest, however, is like running a sprint. You need to pursue an aggressive portfolio comprised of a small number of high-risk stocks to be the top performer over the short run.

In real-life investing, investors match their investment style to their risk aversion, or the level of risk you are willing to accept for a potential return. Generally, higher risk is an indicator of a higher potential return (or loss). For an average person, there is a need to lower risk using a well-diversified portfolio. In this model, investors allocate their investments between stocks and fixed-income instruments (bonds, CDs, etc.). Fixed-income instruments are investments whose interest payments are set at a fixed value and are paid on a regular schedule. These investments are generally less risky than equity investments because of the fixed payment schedule and the order assets are distributed in the event a company goes bankrupt (bond holders receive payment before equity holders); however, the lower level of risk generally leads to a lower rate of return than equity instruments.

To further diversify, investments are also distributed between several different sectors (technology, financials, consumer staples, etc.) and at least 30 different individual assets. This mitigates diversifiable risk, or risk that can be reduced by spreading out your investments. While this technique works well in reality, it may not be best for the Husky Investment Tournament.

This competition is judged based on total portfolio value at the end of the last trading day and returns are not risk-adjusted, so teams may find it lucrative to pursue risk for the potential for a higher return. 

This week’s video comes from Jacob Mihelich, a current student in the Michigan Tech College of Business and an investor in the Applied Portfolio Management Program. He provides helpful pointers on selecting stocks.


2020 Bob Mark Business Model Competition Winners

The 2020 Bob Mark Business Model Competition was held January 29.  Eighteen students making up 13 teams pitched business models to advance their innovation. Community members and judges from across campus and the community selected the winners and provided the teams with feedback.

Student stands on stage during business plan competition
Jacob Soter is currently pursuing a TechMBA®

The winners of the 2020 Bob Mark Business Model Competition:

  • First Prize, $2,000—Kyra Pratley, POWERPENDANTS
  • Second Prize, $1,000—Jake Soter, SwimSmart Technologies
  • Third Prize, $500—J. Harrison Shields, Shields Technologies
  • Honorable Mention, $250—Samerender Hanumantharao & Stephanie Bule, Bio-Synt
  • Honorable Mention, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • Audience Favorite, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • MTEC SmartZone Breakout Innovation Award, ($1,000 Reimbursable expenses toward business development)—Ranit Karmakar

This event is a tribute to the late Bob Mark, professor of practice in the College of Business who started the Elevator Pitch Competition at Michigan Tech. The competition recognizes his entrepreneurial spirit and its continuation at Michigan Tech.

The 2020 Bob Mark Business Model Competition was hosted by Husky Innovate, a collaboration between Pavlis Honors College, the Michigan Tech College of Business, and the Office of Innovation and Commercialization. Husky Innovate is Michigan Tech’s resource hub for innovation and entrepreneurship, and offers workshops, competitions, NSF I-Corps training, a speaker series, and co-hosts the Silicon Valley Experience.


School of Business and Economics Announces Teacher of the Year

Each spring, senior-level students in the School of Business and Economics (SBE) select a slate of faculty to be considered as SBE’s teacher of the year. These faculty are known to go above and beyond and have a positive impact on our students, the School, and the University.

This year’s finalists include: Heather Knewtson (finance), Sheila Milligan (accounting), and Joel Tuoriniemi (accounting). Candidates are voted on by all SBE students and the 2018-19 teacher of the year is Junhong (Jun) Min (marketing).

Min is recognized for his dedication, passion, and for going the extra mile to support students. One nominator wrote: “Jun Min genuinely cares about his students and their success. He goes out of his way to hold meetings after class, just to get to know his students and their goals.” He gives his time and resources, developing connections for students that lead to paid internships, co-ops, and full-time employment.

Min also serves as the advisor to the Michigan Tech student branch of the American Marketing Association (AMA). Congrats, Jun, and thank you, students!


MIS 2018 Alumni Scholarship Recipients Announced

Congratulations to the 2018 awardees for the annual MIS Alumni Scholarship.

Paul Torola (JR)                                                                                                 Taylor Hedmark (SO)

Paul Torola

 

 

 

 

 

 

 

 

 

We could not be prouder of our students. Congratulations to both recipients.

The MIS (Management Information Systems) Alumni Scholarship is an endowed scholarship that created and funded by Alumni of the MIS program within the School of Business and Economics. T he criteria for selection is the following: an MIS major (or dual major) with a strong academic standing, a demonstrated commitment to the MIS degree program, and professional communication skills.


Summer Classes 2017

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Do you want to take care of a few degree requirements over the Summer?  Registration for Summer Classes is now!  Taking a couple classes in the Summer is great option to help you continue to fulfill your degree requirements.

Going somewhere this Summer?  Explore options for courses to take online, many are the core course requirements for the Business Degrees.  Summer 2017 we are offering some online courses for convenience to our students.

  • EC 2001:  Principles of Economics (Track A)
  • EC 3100:  International Economics (Track A)
  • FIN 3000:  Principles of Finance (Track B)
  • MGT 4600:  Management of Technology and Innovation (Track A)
  • MIS 2000:  IS/IT Management (Track B)
  • MKT 3000:  Principles of Marketing (Track A)
  • OSM 3000:  Operations and Supply Chain Management (Track B)
  • OSM 3200:  Project Management (Track A) *currently full for Fall

If in the area this Summer explore these options to take on-campus:

  • BUS 2200:  Business Law (Track A)
  • EC 4050: Game Theory/Strategic Behavior (Track B)

You can go here for information on what courses are offered for the Summer.

Information about the cost of courses in the summer can be found here.   Summer tuition is based on per credit enrollment (no plateau tuition).